31 March,2010 Morning Market Updates

31 March,2010 Morning Market Updates  08:56

Today market will open positive i line with global cues but bearish fear factor is still there in the mind of traders.Nifty support 5240-5250 and 5210 where as resistance 5280 and 5310.
Recommendations :
Follow Buy calls in positive market bias and v.v.
Buy Bhartiartl above 316 sl 310 Target 324
Hold Long Bhel Ref.26/03 Trail sl 2385
Hold Long ONGC Ref.29/03 Trail sl 1075
Buy DLF sl 305 Target 315
Buy NTPC Above 205 sl 199 Target 209 / 216 Positional
Sell Nifty sl 5280 Target 5238
Sell Ster
Sell Rcom below 164 sl 166 Target 161
Sell Siemens below 736 sl 744 Target 724
Sell on Rise Hindalco
Sell on Rise ITC
Sell on Rise Jindalstel
F&O cues:
Total Futures Open Int was down by Rs 453 crore
Total Options Open Int ws up by Rs 2553 crore
Stock Futures add 40 lakh shares in Open Int
Nifty down 0.7%, Open Int down 2%
Nifty Open Int PCR at 1.17 from 1.16
Nifty Calls add 18.4 lakh shares in Open Int
Nifty Puts add 22 lakh shares in Open Int
Nifty April 5400 Put adds 8.6 lk shrs in Open Int
Nifty April 5300 Call adds 6.8 lk shrs in Open Int
Nifty April 5200 Put adds 4.4 lk shrs in Open Int
Nifty May 5100 Put adds 2.2 lk shrs in Open Int
FIIs in F&O on March 30
Net sell Rs 468 crore in Nifty Futures
Nifty Futures Open Int up by 7037 contracts
Net buy Rs 476 crore in Nifty Options
Nifty Options Open Int up by 36170 contracts
Net sell Rs 72 crore in Stock Futures
Stock Futures Open Int up by 10159 contracts
Market cues:
FIIs were net buyers of USD 229 million in equities on March 29
Total F&O Open Int was up by Rs 2100 crore to Rs 91934 crore
As per provisional data of March 30, FIIs were net buyers of Rs 580 crore; DIIs were net buyers of Rs 100 crore in cash markets. FIIs were net sellers of Rs 69 crore in F&O.
US Markets :
The US markets closed flat with a positive bias after a see-saw session as technology and industrials gained, while energy and bank stocks traded weak.
the Dow closed 11 points higher at 10,907, the S&P 500 shut shop at 1,173 and the Nasdaq closed at 2,410.
Stocks had opened higher after a jump in consumer confidence and encouraging read on housing but the session turned choppy by midday. Overall trading volumes were subdued as fewer than 1 billion shares traded on the NYSE.

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